Truth Social will sell Wall Street quicker access to posts

Key Points:

• Truth Social, owned by Trump Media & Technology Group, will offer Wall Street firms quicker access to market-moving posts from President Donald Trump through a new API starting August 1.
• The API will provide institutional customers with a real-time feed of posts from the top 10 most influential Truth Social accounts, delivering content in milliseconds to aid algorithmic trading.
• The move aims to monetize proprietary content and create a high-margin, recurring revenue stream, while highlighting the blending of Trump's business interests with his presidential communications.
• Trump's posts on Truth Social have previously influenced markets, affecting oil prices and stock movements, and the platform has seen attempts to scrape data in violation of its terms of service.
• Trump Media & Technology Group shares have declined nearly 30% this year, with the company seeking new revenue avenues amid ongoing market challenges.